Donald Trump and Chris Christie defend the CFTC's exclusive authority over prediction markets while acknowledging states must handle gambling products.
Steady: 0 in the last 7 days
Updated oct 14
The latest in this situation
- Polymarket issued a lifetime ban on George Santos.
- Kalshi issued a ban against George Santos for insider dealing.
- CFTC issues guidance on prediction markets.
- Polymarket and Kalshi are engaged in market rivalry and seeking federal approval to offer margin trading options.
- Adam Schiff and Alex Padilla co-signed a letter urging regulatory action on markets.
How it started
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Donald Trump and Chris Christie defend the CFTC's exclusive authority over prediction markets while acknowledging states must handle gambling products.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- President Trump and the administration address allegations of financial interests, propose prohibitions on wagering on sensitive government actions, and advocate for exclusive federal jurisdiction over prediction markets.Sub-event
CFTC maintains exclusive authority over prediction markets, opposing bans, with Trump and Democratic leaders involved.1 source
Donald Trump and Chris Christie defend the CFTC's exclusive authority over prediction markets while acknowledging states must handle gambling products.1 source
Trump defends the prediction market industry while his son advises companies as states file lawsuits.1 source
Keep exploring
The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Chris Christie
55th Governor of New Jersey and former U.S. Attorney for the District of New Jersey
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